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Unformatted text preview: Value assets (stocks, bonds) Value projects (capital budgeting) Looking back, the important implicit assumptions are: Large, publicly owned businesses Diversified investors Efficient markets at equilibrium Psychic rewards are ignored BUT. .sports organizations differ: are small and privately owned have owners who are under-diversified operate in inefficient markets are driven by significant psychic rewards...
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This note was uploaded on 04/17/2009 for the course KINS 4520 taught by Professor Maxcy during the Spring '09 term at University of Georgia Athens.
- Spring '09